Belc Co (TSE:9974) Dividend Payout Ratio: 0.28 (As of Feb. 2026) — 40% Above Median


TSE:9974 Belc Co Ltd TSE:9974
94 GF Score
Price 円6,600.00
GF Value 円8,004.56
Valuation Modestly Undervalued
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What is Belc Co Dividend Payout Ratio?

Belc Co TSE:9974 +0.92% 94 Dividend Payout Ratio is 0.28 as of Feb. 2026, which is 40% above its 10-year median of 0.20. GuruFocus rates TSE:9974 with a GF Score™ of 94/100 and a GF Value™ of 円8,004.56 (Modestly Undervalued). Among 181 Retail - Defensive companies, Belc Co ranks better than 85.08% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Belc Co's Dividend Payout Ratio for the months ended in Feb. 2026 was 0.28.

The historical rank and industry rank for Belc Co's Dividend Payout Ratio or its related term are showing as below:

TSE:9974' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.2   Max: 0.21
Current: 0.19

During the past 13 years, the highest Dividend Payout Ratio of Belc Co was 0.21. The lowest was 0.18. And the median was 0.20.

TSE:9974's Dividend Payout Ratio is ranked better than
85.08% of 181 companies
in the Retail - Defensive industry
Industry Median: 0.37 vs TSE:9974: 0.19

As of today (2026-07-05), the Dividend Yield % of Belc Co is 1.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Belc Co was 2.01%. The lowest was 0.94%. And the median was 1.43%.

Belc Co's Dividends per Share for the months ended in Feb. 2026 was 円62.00.

During the past 12 months, Belc Co's average Dividends Per Share Growth Rate was 3.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Belc Co was 14.80% per year. The lowest was -11.70% per year. And the median was 10.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Belc Co (TSE:9974) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Belc Co Dividend Payout Ratio Related Terms

Belc Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Belc Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Belc Co Dividend Payout Ratio Chart

Belc Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.20 0.21 0.20 0.19

Belc Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.00 0.37 0.00 0.28

TSE:9974 vs KR: Dividend Payout Ratio Comparison

For the Grocery Stores subindustry, Belc Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Belc Co Dividend Payout Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Belc Co's Dividend Payout Ratio falls into.


TSE:9974
94GF Score
Belc Co Ltd TSE:9974
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Belc Co Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Belc Co's Dividend Payout Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Feb. 2026 )/ EPS without NRI (A: Feb. 2026 )
=124/ 639.563
=0.19

Belc Co's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2026 )/ EPS without NRI (Q: Feb. 2026 )
=62/ 221.601
=0.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.28 mean?
Belc Co (TSE:9974) has a Dividend Payout Ratio of 0.28 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Belc Co and its competitors. This is 40% above median its historical median of 0.20. Over the past decade, Belc Co's Dividend Payout Ratio has ranged from 0.18 to 0.21. According to the industry distribution chart, Belc Co ranks #27 out of 181 companies in the Retail - Defensive industry, placing it in the top 14.9%.
Is Belc Co's Dividend Payout Ratio too high?
Belc Co's current Dividend Payout Ratio of 0.28 is 40% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.21. The Retail - Defensive industry median Dividend Payout Ratio is 0.37. Belc Co's value of 0.28 is 24.3% below this industry median. Based on the distribution chart, Belc Co ranks #27 out of 181 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Belc Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's Dividend Payout Ratio compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #27 out of 181 companies for Dividend Payout Ratio. This places Belc Co in the top 15% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.37. Belc Co's value of 0.28 is 24.3% below this benchmark. Historically, Belc Co's own Dividend Payout Ratio has ranged from 0.18 to 0.21 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.37, Belc Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Retail - Defensive company?
The median Dividend Payout Ratio among Retail - Defensive companies is 0.37, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Belc Co's current Dividend Payout Ratio of 0.28 is 24.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Belc Co and its competitors. For the Retail - Defensive industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current Dividend Payout Ratio is 0.28, which is 40% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,004.56, compared to a current price of 円6,600.00 — trading 17.5% below its estimated fair value. The current Dividend Payout Ratio is 0.28, which is 40% above median its 10-year median of 0.20 and 24.3% below the Retail - Defensive industry median of 0.37. Belc Co's overall GF Score™ is 94/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Belc Co (TSE:9974), the current Dividend Payout Ratio is 0.28 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Belc Co (TSE:9974) Overvalued in 2026?

Based on GuruFocus' analysis, Belc Co stock appears to be undervalued. The current stock price of 円6,600.00 is trading 17.5% below its estimated GF Value™ of 円8,004.56. GuruFocus considers Belc Co to be Modestly Undervalued.

Key valuation signals for TSE:9974:

  • Dividend Payout Ratio: 0.28 (40% above median its 10-year median of 0.20)
  • GF Value™: 円8,004.56 vs. price of 円6,600.00 (17.5% below fair value)
  • GF Score™: 94/100
  • Industry Position: 24.3% below the Retail - Defensive median (#27 of 181)

No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Belc Co Business Description

Address 1646 Ashiori, Saitama Prefecture, Tsurugashima, JPN, 350-2282
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
94GF Score

Get the complete analysis for TSE:9974

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円6,600.00
Price
円8,004.56
GF Value